We've noticed your using a old browser this may cause issuse when experincing our site. We recommend updating your browser here this provides the latest browsers for you to download. This just makes sure your experince our website and all others websites in the best possible way. Close

Archive | Accounting RSS feed for this section

Explaining the NHS Pension Scheme – A guide

February 9, 2023, by in Accounting, AISMA 1 Comment

AISMA PENSION GUID

Following on from the informative series, delving into NHS pensions from the Association of Independent Specialist Medical Accountants (AISMA), we have now consolidated all nine parts into a fantastic free guide for you to download and keep. Does thinking about the NHS Pension Scheme give you that sinking feeling? Do you groan every time there’s an update…

Read More

Energy costs turning up the heat on practice finances

Energy costs turning up the heat on practice finances

While patients may be worried about paying their spiralling energy bills this winter, they should spare a thought for GP practices too. Traditionally, the vast majority of practices have received no financial support with their energy bills, unlike their water and business rates, although the recently introduced  Government Energy Bill Relief Scheme has helped slightly.…

Read More

Explaining the NHS Pension Scheme – Part nine

November 17, 2022, by in Accounting, AISMA, Pensions 0 Comments

Pension file with calculator, pen, coins and glass jar

Part 9: The McCloud Judgement and what it means for NHS Pension Scheme members In 2015, the government reformed public service pensions, including the NHS Pension Scheme. These reforms generated significant controversy after a Court of Appeal ruling in 2018 (sometimes referred to as the McCloud Judgement) found them to be discriminatory to younger scheme…

Read More

Explaining the NHS Pension Scheme – Part Eight

September 1, 2022, by in Accounting, Pensions 1 Comment

Pension file with calculator, pen, coins and glass jar

Part Eight: Administration for eligible staff On top of the tasks involved in helping partners and salaried GPs meet the NHS Pension Scheme administration requirements, practice managers must also follow the procedures for practice staff who are eligible to be members of the pension scheme. All employers have general responsibilities to auto-enrol their employees into…

Read More

Explaining the NHS Pension Scheme – Part Seven

August 18, 2022, by in Accounting, Pensions 0 Comments

Pension file with calculator, pen, coins and glass jar

Following on from parts one to six, which can be read here, we now discuss administration in part seven: Pension administration is a complex business. As well as the rules that need to be followed for the NHS Pension Scheme, there are contract requirements regarding the calculation of pensionable earnings, annual pension submissions and pension contribution…

Read More

Explaining the NHS Pension Scheme – Part Two

November 18, 2021, by in Accounting, AISMA, Pensions 2 Comments

Pension file with calculator, pen, coins and glass jar

Part 2: How is the pension calculated? The way in which pension benefits are calculated in the NHS Pension Scheme depends on which part(s) members belong to and whether they are ‘practitioner’ or ‘officer’ members. Practitioners GP partners, salaried GPs and locum GPs are all practitioner members of the scheme. Practitioner pensions are based on…

Read More

Explaining the NHS Pension Scheme – Part One

November 18, 2021, by in Accounting, AISMA, Pensions 0 Comments

Pension file with calculator, pen, coins and glass jar

Association of Independent Specialist Medical Accountants nine-part tutorial for Practice Index – Introduction Does thinking about the NHS Pension Scheme give you that sinking feeling? Do you groan every time there’s an update to the rules and regulations? Even the most dedicated pension enthusiast can struggle with the complexities of the scheme. This nine-part tutorial will…

Read More
Get in the know!
newsletterpopup close icon
practice index weekly

Subscribe to the Weekly, our free email newsletter.

Keeping you updated and connected.